National Instruments Corp (NATI) Earns Hold Rating from Analysts at Deutsche Bank AG

Deutsche Bank AG assumed coverage on shares of National Instruments Corp (NASDAQ:NATI) in a research report sent to investors on Tuesday morning. The firm issued a hold rating and a $34.00 target price on the technology company’s stock.

A number of other research analysts have also recently weighed in on NATI. Zacks Investment Research upgraded shares of National Instruments Corp from a sell rating to a hold rating in a research note on Wednesday, March 29th. Stifel Nicolaus lifted their target price on shares of National Instruments Corp from $32.00 to $35.00 and gave the company a buy rating in a research note on Friday, January 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $35.75.

National Instruments Corp (NASDAQ:NATI) traded up 1.26% during midday trading on Tuesday, hitting $36.91. The company’s stock had a trading volume of 197,314 shares. National Instruments Corp has a 12 month low of $25.90 and a 12 month high of $37.00. The company’s 50 day moving average price is $33.95 and its 200 day moving average price is $31.69. The firm has a market cap of $4.78 billion, a P/E ratio of 52.06 and a beta of 0.91.

National Instruments Corp (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.08. The business had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $300.30 million. National Instruments Corp had a net margin of 7.12% and a return on equity of 9.67%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Analysts expect that National Instruments Corp will post $0.91 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, May 11th. National Instruments Corp’s dividend payout ratio (DPR) is 125.37%.

In related news, Director James J. Truchard sold 7,500 shares of National Instruments Corp stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.77, for a total transaction of $275,775.00. Following the transaction, the director now owns 9,151,416 shares in the company, valued at approximately $336,497,566.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James J. Truchard sold 40,000 shares of National Instruments Corp stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $35.07, for a total transaction of $1,402,800.00. Following the transaction, the director now owns 9,158,916 shares in the company, valued at approximately $321,203,184.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,605 shares of company stock worth $3,517,649. 10.98% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Janus Capital Management LLC increased its stake in shares of National Instruments Corp by 11.6% in the fourth quarter. Janus Capital Management LLC now owns 10,923,681 shares of the technology company’s stock worth $336,668,000 after buying an additional 1,133,489 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of National Instruments Corp by 4.8% in the first quarter. Vanguard Group Inc. now owns 9,450,422 shares of the technology company’s stock worth $307,706,000 after buying an additional 432,034 shares in the last quarter. BlackRock Inc. increased its stake in shares of National Instruments Corp by 7,809.7% in the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock worth $297,718,000 after buying an additional 9,028,054 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of National Instruments Corp by 4.3% in the first quarter. Wellington Management Group LLP now owns 6,549,709 shares of the technology company’s stock worth $213,258,000 after buying an additional 267,706 shares in the last quarter. Finally, Findlay Park Partners LLP increased its stake in shares of National Instruments Corp by 0.9% in the first quarter. Findlay Park Partners LLP now owns 4,769,035 shares of the technology company’s stock worth $155,280,000 after buying an additional 44,163 shares in the last quarter. Institutional investors own 75.18% of the company’s stock.

About National Instruments Corp

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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